Atlas Copco Interim report at June 30, 2008
(unaudited)
Emerging markets boost sales growth
• 18% organic order growth; all business areas and regions contributed.
• Revenues reached MSEK 18 884 (15 985), organic growth 15%.
• Operating profit up 20% to MSEK 3 630 (3 037), a margin of 19.2% (19.0)
- strengthened by record profit in Construction & Mining Technique.
- negative effect from currency and restructuring costs.
• Profit before tax increased to MSEK 3 354 (3 215).
- Previous year included MSEK 134 in capital gain.
• Profit for the period was MSEK 2 463 (2 377).
• Basic and diluted earnings per share were SEK 2.01 (1.94).
• Operating cash flow was MSEK 396 (1 232).
- Large interest and tax payments and increased investments affected
cash flow negatively in the period.
Near-term demand outlook
The overall demand for Atlas Copco's products and services is expected to remain
at a high level, primarily due to a continued strong demand development in
emerging markets and the mining industry. Some customer segments in North
America and Western Europe, related to consumer goods and residential
construction, are expected to weaken.
For further information, please contact:
Analysts
Ingrid Andersson, Investor Relations Manager,
Phone: +46 8 743 8290 or +46 70 497 8290
ir@se.atlascopco.com
Media
Love Liman, Acting Media Relations Manager, Corporate Communications,
Phone: +46 8 743 8060 or +46 73 231 8060
media@se.atlascopco.com
Atlas Copco discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco is a world leading provider of industrial productivity solutions.
The products and services range from compressed air and gas equipment,
generators, construction and mining equipment, industrial tools and assembly
systems, to related aftermarket and rental. In close cooperation with customers
and business partners, and with 135 years of experience, Atlas Copco innovates
for superior productivity. Headquartered in Stockholm, Sweden, the Group's
global reach spans more than 160 markets. In 2007, Atlas Copco had
33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at
www.atlascopco.com.
Atlas Copco Interim report at June 30, 2008
| Source: Atlas Copco AB
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